Tenants at Plano's last indoor shopping mall were informed the property changed hands earlier this month amid a $125 million expansion project and ongoing coronavirus-related shutdowns.
Starwood Retail Partners had been spearheading the construction project to revamp the property but lost control of the property in court proceedings, according to an April 23 letter to tenants obtained by Community Impact Newspaper.
The property is now being managed by The Woodmont Company, a North Texas-based firm. The court placed the mall in possession of Trigild, a company with offices in Dallas and San Diego that acts as a fiduciary for properties in bankruptcy proceedings, among other services.
Representatives for Starwood Retail Partners and Trigild did not respond to requests for comment on the mall's ownership or the $125 million expansion project.
